It's in the supplemental manual: http://www.ricoh-imaging.co.jp/english/support/digital/pdf/K-1_Ver.1.30_Detail_for_Enhanced_features.pdf
It only works in single frame shooting mode, and disable shake reduction. Larry Colen wrote:
Firmware 1.30 is now up on http://www.ricoh-imaging.co.jp/english/support/digital/k1.html The thing I was most excited about was electronic shutter in Live View, it might make LV a lot more useful. I installed the software, went into menu, and the item LV Electronic Shutter is in menu "Camera" 2. I.e. the second menu in the first set. Unfortunately it is greyed out, saying ESoff Anybody know how to activate it? The manual hasn't been changed. FWIW. the square crop mode is now in place, which I guess would save a small amount of memory if shooting in raw and you want square images.
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